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don't throw good money after bad

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Grogger

163 Posts.

48

23/09/24

10:08

Post #: 75790770
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Originally posted by kenjikool: ↑

So the trial was to be finished in 2022. Then we find out it likely to be delayed into 2023. Then we hear it will be at the end of 2023. That then gets pushed to 2024 and then to the end of the CY 2024. We raise funds to accelerate the commercial acceleration of Felix twice and see $60k made out of $3.6 and $4.2 mill raised. We then need to raise $2 mill to accelerate commercialization plus R&D on other stuff. Now we raise again for another $2 Mill for god knows what now and a possible top up of another mill. We get a short term loan and pay 10% not annually but as soon as they ask for it back, they receive 12.5 million shares, just for lending us the cash. So I believe that since Alison gave us that wonderful Xmas gift of delays we've dropped 94% in SP and added close to 780 million shares. Which has diluted holders an additional 45%.

to say this has been the worst run trial and incompetent business management I've seen, would be an understatement. The craZy thing is I'll likely buy more to get some of those options ..... What a sucker

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don't throw good money after bad

MEM Price at posting: 0.9¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $10.11M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$700	100K

Buyers (Bids)

No.	Vol.	Price($)
1	1000000	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	1291690	4

View Market Depth

No.	Vol.	Price($)
1	1000000	0.007
8	2778833	0.006
4	3440000	0.005
1	500000	0.004
1	166666	0.003

Price($)	Vol.	No.
0.008	1291690	4
0.009	2632462	6
0.010	38428	2
0.013	828	1
0.000	0	0

Last trade - 11.05am 18/10/2024 (20 minute delay)

MEM (ASX) Chart